WAF 0.00% $1.61 west african resources limited

Ann: West African NWR Virtual Resources Presentation 2020, page-119

  1. 780 Posts.
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    I've been regretting taking some profit at 81c for some time and been hoping for this opportunity to get back in. My original plan was to buy back at 65c but it never got there. If we do see continued correction in pog it could still be on the cards, but I'm generally comfortable accumulating at the current price and below.

    Re the hedging, I do subscribe to the theory that WAF is harder hit because it is unhedged. Based on some other goldies I follow, their average hedge price is still well below the current pog, and it would need to fall a long way from here before WAF were behind.
 
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